PocketLaw | Utah Code | Directors and Officers

Directors and Officers

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Requirement for and duties of board of directors.

Qualifications of directors.

Number and election of directors.

Election of directors by certain classes of shareholders.

Terms of directors generally.

Staggered terms for directors.

Resignation of directors.

Removal of directors by shareholders.

Removal of directors by judicial proceeding.

Vacancy on board.

Compensation of directors.

Meetings.

Action without meeting.

Notice of meeting.

Waiver of notice.

Quorum and voting.

Committees.

Required officers.

Duties of officers.

Resignation and removal of officers.

Contract rights with respect to officers.

General standards of conduct for directors and officers.

Limitation of liability of directors.

Liability of directors for unlawful distributions.

Definitions relating to conflicting interest transactions.

Judicial action.

Directors' action.

Shareholders' action.